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TWO OF APPLE’S most talked about products at the moment include Apple Pay and talk of it working on its own electric car, but its rivals are starting to make their own moves.
First is Google has decided to give its smartphone payment system, Google Wallet, a boost by teaming up with mobile payment company Softcard.
Like Apple Pay, it allows users to pay for goods by tapping their phone against an NFC tag. It’s partnered with three of the US’s biggest providers, AT&T Mobility, T-Mobile USA and Version Wireless, allowing it some scope. It also recently introduced Wallet in the UK, allowing users to transfer money via Gmail.
Google Wallet has been around since 2011, but uptake among vendors was low, allowing Apple Pay to take a clear lead since has was introduced in the US back in October.
The second rival is Samsung, which recently bought the payments service LoopPay, placing it as a competitor to both Apple Pay and Google Wallet. It’s expected that Samsung will show off its new mobile payments system and explain the deal further at its Galaxy S6 launch on 1st March.
LoopPay’s technology turns the magnetic fields of a card swipe slot into a contactless payment system, meaning vendors aren’t required to change their system. By comparison, Apple Pay and Google Wallet use NFC communication which requires retailers to upgrade their system.
Car ambitions
That isn’t the only thing that Apple has to worry about. Samsung SDI (the company’s energy solutions and electronic materials section) acquiring Magna Steyr, an Austrian-based manufacturer that specialises in battery packs for electric and hybrid cars.
In a statement announcing the deal, Samsung said that its experience in providing global automakers with battery packs will help it secure customers in the “fast-growing automotive battery markets in Europe, North America and China.”
While it doesn’t mean that Samsung is entering the market itself, it does mean that Apple will likely have to team up with one of its rivals (or at the very least, it limits its options) if it wants to get its car-making ambitions off the ground. Also, Apple was said to be poaching a number of Samsung’s battery and chip experts to help with its new electric car.
If Apple does decide to go ahead with plans to enter the electric car business, it would expect to start producing them as soon as 2020. It’s believed that 200 people are working on the project, including a number of former Tesla employees, another electric car company whose CEO is Elon Musk.
http://www.cnet.com/news/samsung-buys-looppay-all-but-confirming-new-apple-pay-rival/
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Sudden, huh…
Are you free for dinner on 24/2/2019, Quinton?
Lol, classic thejournal.ie clickbait headline.
Samsung copying Apple. Now where have I heard that before ?
NFC or “contactless payment” with mobile phones has been around since the 90′s.. Apple haven’t done anything original either.
Yeah and Apple doesn’t copy anyone eh?
I hope the Apple car battery is better than the iPhone battery.
Be a bitc*h to carry it around no?
LoopPay is an incredibly short minded play by Samsung. The only country it suits is the US, where retailers are being made to upgrade their terminals to support chip and pin and NFC in the next few years anyway.
Google where the first to release this type of service on their nexus devices back in 2010-11, nothing new to see here folks
i’m sure it can be done better, google aren’t exactly known for design, only now making attempts. material design, still looks flat to me with a gimic thrown in.
They didn’t follow through with it though.
I tried to set up google wallet for NFC payments on my Nexus 5 last year and just got an apology message on the sign up form stating that the service was unavailable outside the U.S. I have my reservations about Apple, but at least they get things done!
its better to have something to detract you from spending than tapping all over the place only to regret it later. we all know this. people should stop buying crap. buy 2nd hand, it will reduce waste and essentially improve what their offering by making it last just that bit longer, not too hard is it? course its not. Apple could make something 20 years advanced right now but wheres the money in that? yeah and thats the problem. money you spin me right round.
You’ve lost me
“Hi I’d like to buy this, oh my phone had no power, have you got a plug?” Or just take out a card.
have your say